Discuss the Intrusion of the Multinationals in the Governance of the Third World Countries
INTRODUCTION The gross attainment of independence of the States now known as Third World countries in the 1960s and 1970s, the attendant political instability and the quest for technological development to have a place in the global economy made investments by Multinational Corporations (MNCs) across the globe a piecemeal. In other words, these created interstice for economic niche, which now serves as the mother of intrusion in the governance of countries of the Global South. This was not also unconnected to availability of large mineral deposit and vast market opportunity, which the Third World countries ostensibly offered. Starting from the 1980s, globalization has become an irresistible historical trend. The expansion of multinational corporations, as the forerunner in this process, has been presenting a continued momentum. Africa and other Third World countries are considered by Western multinationals as the “last frontier for investment” among the emerging markets in the world and foreign direct investment. Multinational corporations operate with impunity in many Third World countries. The intrusion of multinational corporations in the development of the Third World can be viewed from different perspectives, either as the engine of development, or agents of imperialism. This paper examines with relevant examples, the intrusion multinationals nations of the Global South in other to understand the relationships if parasitic or otherwise this relationship has been to the host and home country of multinational corporations. In other to cover the major issues involved in this work the major concepts would be clarified. Furthermore, the political, economic and social issues bordering on multinational corporations activities in Third World nations would be examined in other to buttress the validate the fact that multinational corporations have penetrated the governments of poor nations of the Southern hemisphere in a manner that have stalled development.